Posts Tagged ‘Bai Hassan’

In response to Mr. I Chalabi’s comments, with all due respect I disagree with his remarks for the following reasons:

There is certainly warranted rush to award all the fields included in both rounds, and more to come; a wider perspective on the role of oil in Iraq’s future is being lost. After years of misrule and total bad management coupled with the effects of sanctions, and the post-2003 violence, Iraq has been left as the poorest Arab country. No-one would deny Iraq’s urgent need for investment.The country needs help …

In an interview in his office in Kirkuk (North Iraq) late August, Manaa al-Obeidi, director general of North Oil Co (NOC) talks to Ruba Husari, editor of Iraq Oil Forum, about the state of the northern oil fields and NOC plans:

Q: What is the state of the producing fields in northern Iraq?

A: We have witnessed a relative increase in output from producing fields in the last 18 months. For example, the Kirkuk field was producing 320,000 b/d and has now reached 400,000 b/d. In Bai Hassan, production went …

If you are trying to figure out who won and who lost in Iraq’s first bid round, consider this:

22 companies have participated in the licensing round making offers for six oil fields and one gas field, as leaders or members of consortia. One gas field, Mansuriya had no takers.
China’s CNPC was the most aggressive taking part in 5 offerings followed by Malaysia’s Petronas which targeted 4. Oil majors Exxon Mobil and Royal Dutch Shell aimed for 3 each, and so did Turkey’s TPAO and China’s Sinopec. BP, ConocoPhillips……